William Brennan Acquires 600 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 600 shares of Altus Group stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of C$54.36 per share, for a total transaction of C$32,616.00. Following the completion of the acquisition, the director owned 2,504,359 shares in the company, valued at C$136,136,955.24. The trade was a 0.02% increase in their position.

William Brennan also recently made the following trade(s):

• On Monday, December 15th, William Brennan acquired 3,100 shares of Altus Group stock. The shares were bought at an average cost of C$54.49 per share, with a total value of C$168,919.00.
• On Tuesday, November 11th, William Brennan acquired 4,119 shares of Altus Group stock. The shares were purchased at an average price of C$48.85 per share, with a total value of C$201,213.15.
• On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The stock was purchased at an average price of C$48.85 per share, for a total transaction of C$56,568.30.
• On Tuesday, November 11th, William Brennan purchased 1,223 shares of Altus Group stock. The shares were purchased at an average cost of C$48.85 per share, with a total value of C$59,743.55.
• On Tuesday, November 11th, William Brennan purchased 12,207 shares of Altus Group stock. The shares were purchased at an average price of C$49.95 per share, with a total value of C$609,739.65.
• On Tuesday, November 11th, William Brennan acquired 3,251 shares of Altus Group stock. The stock was purchased at an average cost of C$49.95 per share, for a total transaction of C$162,387.45.
• On Tuesday, November 11th, William Brennan acquired 3,571 shares of Altus Group stock. The shares were purchased at an average cost of C$49.95 per share, for a total transaction of C$178,371.45.

Altus Group Stock Up 0.5%

TSE AIF opened at C$55.54 on Friday. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The company has a market capitalization of C$2.40 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.96 and a beta of 0.59. Altus Group Limited has a one year low of C$43.84 and a one year high of C$63.07. The stock has a 50 day moving average price of C$54.82 and a 200-day moving average price of C$56.24.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$133.32 million for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. As a group, equities analysts predict that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Altus Group’s payout ratio is 6.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on AIF shares. TD Securities dropped their price target on Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$61.00 to C$65.00 in a report on Friday, November 21st. Natl Bk Canada downgraded Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. CIBC raised their price target on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Finally, National Bankshares cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$59.86.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.